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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

PYMNTS

And the coronavirus pandemic has hit clothing retailers particularly hard, given the lack of need for new clothing while everyone stays inside to follow social distancing measures and avoid going out for any non-essential needs. True Religion was founded in 2002 with a headquarters in Malibu Beach, California.

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Average Age Of US Vehicles Nears 12 Years

PYMNTS

Research from IHS Markit shows that the average age of “light vehicles” in operation in the U.S. That’s a dramatic increase, considering that in 2002, the U.S. Americans seem to be holding onto their cars for longer periods of time. has risen to 11.9 Today, 25 percent of cars in the U.S.

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Profitability and Customer Financial Health in Retail Banking

FICO

Profitability and Customer Financial Health in Retail Banking. In my recent Forbes article , I explored a vision for the future of retail banking where the customer’s complete financial wellness is at the center of decision making. Here’s how to strike a balance that delivers long-term benefits for customers' financial health.

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Walmart May Be Looking To Sell Off Its Japanese Business

PYMNTS

and around the world, it seems the Japanese market is dropping from a place of prominence. Walmart has been operating in Japan for the last 16 years — a time described as “tumultuous” by the Financial Times ( FT ). The Japanese market for mass merchandisers fell 6 percent in retail value to ¥6.7

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Why Digital’s 3.0 Shift May Take Longer Than We Think

PYMNTS

The Fallacy Of ‘Internet Time’ In November of 1998, a book was published that captured the prevailing wisdom of startups operating at the time. Yet as successful as they have been and as dominant as their platforms are today, they still represent a fraction of overall payments and retail sales.

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Modern-day retail is at an inflection point as retailers face struggling physical storefronts, massive debt, and inefficient operations, among other issues. Formerly beloved brands such as Aeropostale, American Apparel, and PacSun bit the dust in 2016, and the pace of retail deaths has accelerated since then.

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Speed Dating: Invoice-to-Cash In The Digital Age

PYMNTS

Key Takeaways: – How digitizing and automating the entire invoice-to-cash process reduces costs and improves operational efficiency. Ed also has extensive experience in the International technology markets with a specific emphasis on Brazil. In 2002, the New Jersey Technology Council named him “CFO of the Year.”